Chester’s GB Group sees half-year profits leap 124%

Global identity data intelligence firm GB Group plc (GBG) has grown its half-year pre-tax profits by 124%.

In the six months to September 30 2017, the Chester-headquartered company’s profit before tax rose to £3.5m, up from £1.6m in the same period last year.

Revenues, meanwhile, increased year on year by 40% to £52.6m.

Reporting on the progress of its acquisitions, GB Group said that address validation services provider PCA Predict, which is acquired in May 2017, has “integrated well into the group”.

GBG said the company is already providing new growth opportunities, including new business in the UK from NFU Mutual and Sky, and internationally from a number of leading US fashion retailers.

Now, GBG will continue to seek further acquisitions that will enable it to expand its capabilities, datasets and geographic presence.

Chris Clark, chief exec of GBG, said of the results: “I am very encouraged by the progress we have made since April and by the fact that we are on track to meet market expectations for the full year.

“The group continues to perform well, demonstrating the strength of our business and the capability of our people globally.”

He added: “With the investments we have made in products, data and technology, we are confident of making further strategic progress in the second half of the financial year.”

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